Hanifaan's Group

Hanifaan has applied for a loan from Kiva's partner, Asasah, for her business sewing clothes. She is a very hardworking lady and operates her business full-time. She receives orders from her neighbor clients and fulfills them on time to earn profits for her family. With the loan, she will buy a new sewing machine that will allow her to complete orders in less time and earn more profit.

Hanifaan started this business after the death of her husband. She is the mother of seven children. Her eldest son works at a private mill for a low income. The second one has a construction supplies business, while the third one works in a factory. Her elder daughter is also a seamstress and supports her mother in her business. Hanifaan’s remaining children stay at home. She couldn’t educate them due to financial constraints.

Hanifaan is hopeful that by investing this loan in her business she will be able to improve its condition and increase her profits. She is a regular user of Asasah loans and this is her second loan application. In the previous loan year, she paid her installments on time and never missed a meeting.

In the photo, the lady with a book (an Asasah passbook) is Hanifaan.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.